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HF Sinclair (DINO) guidance and outlook
HF Sinclair's 10-Q filed Oct 28, 2026 makes 23 forward-looking statements, 14 of them new and 3 no longer said since the filing before.
Guidance and outlook
Forward-looking statements, 10-Q filed Oct 28, 2026
- updated · For the fourth quarter of 2026, we expect to run between 560,000-600,000 barrels per day of crude oil, which reflects the completion of the planned turnaround at our El Dorado refinery.
- We expect to grow the number of branded sites by approximately 10% annually.
- We continue to review and adjust our operational plans to evolving market conditions.
- new · We will own a 15.0% interest in the joint venture while Phillips 66 and Kinder Morgan will own the remaining 49.9% and 35.1% interests, respectively.
- updated · In July 2026, we announced plans to pursue a separation of our Lubricants & Specialties segment through the capital markets, creating a new independent, publicly traded company (the “Planned Separation”).
- new · We expect the Planned Separation will be in the form of a distribution of at least 80.1% of the Lubricants & Specialties company’s stock and will be substantially completed over the course of 2027.
- new · In July 2026, concurrently with the announcement of the Planned Separation, we announced the decision to retire the Mississauga Refinery, with the transition expected to be substantially completed in the second half of 2027 (the “Mississauga Asset Retirement”).
- Consistent with that strategy, we seek to self-fund development projects and make strategic decisions focused on profitable growth, while reducing our debt and returning cash to stockholders through dividends and share repurchases.
- We believe our current Cash and cash equivalents , along with future internally generated cash flow and funds available under our credit facilities, will provide sufficient resources to fund currently planned capital projects and our current liquidity needs.
- We expect that, to the extent necessary, we can raise additional funds through equity or debt financings in the public and private capital markets.
- new · In addition, components of our long-term growth strategy include the optimization of existing units at our facilities, the Planned Separation and the Mississauga Asset Retirement, expansion of our Midstream footprint, including our investment in the Western Gateway Pipeline System (“Western Gateway”), expansion of our Marketing footprint by growing the number of branded sites and increasing investment in our…
- updated · We also expect to use cash on hand for dividend payments, which are at the discretion of our Board, and for the repurchase of common stock under the New Share Repurchase Program.
HF Sinclair's latest quarter
HF Sinclair, Q3 2026: revenue $10.9B (+50% year over year), operating margin 24.6%, net earnings $2.0B, operating cash flow $1.8B. The chart follows the revenue to costs, profit and cash.
Questions
What does HF Sinclair expect?
For the fourth quarter of 2026, we expect to run between 560,000-600,000 barrels per day of crude oil, which reflects the completion of the planned turnaround at our El Dorado refinery. We will own a 15.0% interest in the joint venture while Phillips 66 and Kinder Morgan will own the remaining 49.9% and 35.1% interests, respectively. In July 2026, we announced plans to pursue a separation of our Lubricants & Specialties segment through the capital markets, creating a new independent, publicly traded company (the “Planned Separation”).
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.